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House prices up by 3.4% in the euro area and by 4.3% in the EU

According to figures published by Eurostat, the statistical office of the EU, in the third quarter of 2016 house prices rose by 3.4% in the euro area and by 4.3% in the EU compared with the same quarter of 2015. Compared with the second quarter of 2016, house prices rose by 1.3% in the euro area and by 1.5% in the EU in the third quarter of 2016.

The highest annual increases in house prices in the third quarter of 2016 were recorded in Hungary (+11.6%), Latvia (+10.8%) and Bulgaria (+8.8%). Prices fell in Cyprus (-3.3%) and Italy (-0.9%). Compared with the previous quarter, the highest increases were recorded in Malta (+5.4%), Ireland (+4.7%), Estonia, Lithuania and Hungary (all +3.4%), while prices fell in Romania (-0.7%).